Micro Imaging Technology, Inc. (OTC: Bulletin Board: MMTC) today announced that it has changed is company name to Micro Identification Technologies to better reflect the extensive capabilities of its ID technology software.
The company currently produces the MIT 1000 Rapid Microbial Identification (ID) System that can identify bacteria in less than five minutes with a laser that uses the principles of light scattering and with proprietary PC-based software algorithms to test bacteria samples at less than $.10 per test.
"Our company's mission is to become an advanced identifier for a variety of applications spanning several industries and we felt our name should reflect this objective," stated Michael Brennan, MIT's Chairman and CEO.
MIT's primary focus is in food safety where over the past few years a vast amount of food contamination events have been recorded. The Center for Disease Control reports that over 325,000 food contamination events causing 5,000 deaths annually.
MIT's technology can also be used for applications in clinical diagnostics, pharmaceutical and semiconductor processing as well as drinking water testing. Each of these applications will be pursued over the next few years. The technology is also adaptable to perform identification in air.